STRATEGY STUDIO / PUBLIC DATA EXPLORER

MERCHANTS FOUNDATION INC

Cite this

Plain text MERCHANTS FOUNDATION INC. Strategy Studio, nonprofit organization profile, tax years 2022–2024. https://strategystudio.org/org/881340802. Retrieved 2026-10-19.

APA Strategy Studio. (n.d.). MERCHANTS FOUNDATION INC [Nonprofit organization profile; tax years 2022–2024]. Retrieved October 19, 2026, from https://strategystudio.org/org/881340802

MLA “MERCHANTS FOUNDATION INC.” Strategy Studio, tax years 2022–2024, https://strategystudio.org/org/881340802. Accessed 19 Oct. 2026.

Retrieved 2026-10-19; covers tax years 2022–2024. Data: Strategy Studio, CC BY 4.0.

2024 · Form 990PF · revenue $450K · expenses $450K · assets $500

EIN
88-1340802
Address
410 MONON BLVD, CARMEL, IN 46032-2345
Website
WWW.MERCHANTSFOUNDATION.ORG
NTEE code
T20
Subsection
501(c)(3)
Ruling year
2022
Cross-check
ProPublica Nonprofit Explorer

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

None of the 7 people listed on these returns reported compensation from the organization. They are listed below.

Officers and directors, no compensation reported

7 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.

NameLatest titleYearsHrs/wk (latest)CompensationOrganizations
Michael Petrie DIRECTOR2022-2024 1 $0 reported 2
Julia L Kaercher EXEC DIRECTOR, PRESIDENT2022-2024 28 $0 reported 1
Michael Dury DIRECTOR2022-2024 1 $0 reported 1
Michael Dunlap DIRECTOR2022-2024 1 $0 reported 1
Terry Oznick SECRETARY2022-2024 1 $0 reported 1
John Macke TREASURER2022-2024 1 $0 reported 1
Julie Sharp (former) DIRECTOR2022 1 $0 reported 1

People by year

2024 · 6 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JULIA L KAERCHER EXEC DIRECTOR, PRESIDENT28 $0-$0 $01
MICHAEL DURY DIRECTOR1 $0-$0 $01
MICHAEL PETRIE DIRECTOR1 $0-$0 $02
MICHAEL DUNLAP DIRECTOR1 $0-$0 $01
TERRY OZNICK SECRETARY1 $0-$0 $01
JOHN MACKE TREASURER1 $0-$0 $01
2023 · 6 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Julia Kaercher Executive Director & President28 $0-$0 $01
Terry Oznick Secretary0 $0-$0 $01
Michael F Petrie Director0 $0-$0 $02
Michael Dury Director1 $0-$0 $01
Michael Dunlap Director1 $0-$0 $01
John Macke Treasurer0 $0-$0 $01
2022 · 7 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Julia Kaercher EXECUTIVE DIRECTOR & PRESIDENT28 $0-$0 $01
Michael F Petrie DIRECTOR0 $0-$0 $02
Julie Sharp DIRECTOR1 $0-$0 $01
MICHAEL DURY DIRECTOR1 $0-$0 $01
MICHAEL DUNLAP DIRECTOR1 $0-$0 $01
TERRY OZNICK SECRETARY0 $0-$0 $01
JOHN MACKE TREASURER0 $0-$0 $01

Highest-paid independent contractors

No independent contractors reported.

Who the money went to

Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.

2024 · 35 grants to organizations · $450K
2023 · 5 grants to organizations · $104K

Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.

Who gave

Contributors listed on Schedule B of the Form 990-PF: name, city and state as filed (street addresses are not shown), with total and noncash contributions for the year. A link to an organization's page is tagged Fuzzy with its name-similarity score (0 to 1) when it rests on name and state; Schedule B lists no EIN, so no link here is an exact identifier match.

2024 · 3 contributors · $450K
#ContributorTypeCity, stateTotalNoncashSource
1 MERCHANTS BANK Organization or other CARMEL, IN $382,748- Form 990PF Sch. B, 2024 · filing
2 MERCHANTS CAPITAL Organization or other CARMEL, IN $61,772- Form 990PF Sch. B, 2024 · filing
3 MILLER KNOLL Organization or other ZEELAND, MI $5,000- Form 990PF Sch. B, 2024 · filing
2023 · 2 contributors · $104K
#ContributorTypeCity, stateTotalNoncashSource
2 Merchants Capital Tax Credit Equity Fund VII LP Organization or other Carmel, IN $81,273- Form 990PF Sch. B, 2023 · filing
1 Merchants Bank Organization or other Carmel, IN $22,500- Form 990PF Sch. B, 2023 · filing

Contributors listed here are as reported on the filing. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

RevenueExpensesAssetsNet assetsContributionsProgram revenueOfficer payEmployeesVolunteers
2024 · Form 990PF period ending 2024-12-31 · view filing · original 990 ↗
$449,520$449,520 $500$500 $449,520- $0--
2023 · Form 990PF period ending 2023-12-31 · view filing · original 990 ↗
$106,773$106,273 $500$500 $106,773- ---
2022 · Form 990PF period ending 2022-12-31 · view filing · original 990 ↗
$0$0 $0$0 $0- $0--

Funders of this organization

Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).

Similar organizations

Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)

OrganizationStateNTEELatest revenueLatest expensesTop-paid titleTop payWhy similar
CHAPMAN FAMILY FOUNDATION INCINT20 $468,253$674,967 PRESIDENT & TREASURER$0 Same NTEE code T20, revenue within 2x, same state, similar name
ZIMMER BIOMET FOUNDATION INCINT20 $473,417$4,058,424 Director and President$0 Same NTEE code T20, revenue within 2x, same state, similar name
BRUGH FAMILY FOUNDATION INCINT20 $428,028$646,061 President$0 Same NTEE code T20, revenue within 2x, same state, similar name
ANNA BOSSE TRUSTINT20 $420,261$251,733 TRUSTEE$51,582 Same NTEE code T20, revenue within 2x, same state
MEED FOUNDATION INCFLT20 $462,820$592,490 DIRECTOR, PRESIDENT$0 Same NTEE code T20, revenue within 2x, similar name
MESSNER FOUNDATION INCNJT20 $435,705$952,349 Trustee$50,000 Same NTEE code T20, revenue within 2x, similar name
CRJ FOUNDATION INCGAT20 $435,077$129,489 CHAIR/PRESIDENT$0 Same NTEE code T20, revenue within 2x, similar name
SHANNON FOUNDATION INCGAT20 $435,158$420,072 DIRECTOR$26,250 Same NTEE code T20, revenue within 2x, similar name
BECK FOUNDATION INCVAT20 $444,503$549,540 DIRECTOR/ PRESIDENT$46,154 Same NTEE code T20, revenue within 2x, similar name
EZBO FOUNDATION INCGAT20 $441,991$449,031 President and Treasurer$0 Same NTEE code T20, revenue within 2x, similar name
KEAN FOUNDATION INCTXT20 $438,812$2,395,399 DIRECTOR$0 Same NTEE code T20, revenue within 2x, similar name
CBIS FOUNDATION INCNJT20 $428,065$1,303,945 PRES/DIR$0 Same NTEE code T20, revenue within 2x, similar name
AMGIS FOUNDATION INCNYT20 $450,791$211,529 Director$0 Same NTEE code T20, revenue within 2x, similar name
NOBIS FOUNDATION INCFLT20 $461,995$374,988 PRESIDENT;DIRECTOR$60,000 Same NTEE code T20, revenue within 2x, similar name
HUNTER FOUNDATION INCGAT20 $460,861$215,533 DIRECTOR$0 Same NTEE code T20, revenue within 2x, similar name
DIESEL FOUNDATION INCFLT20 $472,386$465,676 DIRECTOR$0 Same NTEE code T20, revenue within 2x, similar name
ALECIA FOUNDATION INCNYT20 $424,862$49,033 PRESIDENT$0 Same NTEE code T20, revenue within 2x, similar name
GEODIS FOUNDATION INCTNT20 $419,794$347,747 BOARD MEMBER$0 Same NTEE code T20, revenue within 2x, similar name
SPOHLER FOUNDATION INCNJT20 $458,313$662,214 BOARD MEMBER$0 Same NTEE code T20, revenue within 2x, similar name
NORFOLK FOUNDATION INCCTT20 $436,707$490,085 SPECIAL PROJECTS AND$50,690 Same NTEE code T20, revenue within 2x, similar name
WOOLSEY FOUNDATION INCHIT20 $434,503$129,734 VICE PRESIDENT/DIRECTOR$1,000 Same NTEE code T20, revenue within 2x, similar name
SORDONI FOUNDATION INCPAT20 $433,711$550,573 CHAIRMAN$0 Same NTEE code T20, revenue within 2x, similar name
CITRONE FOUNDATION INCCTT20 $428,133$454,037 EXECUTIVE ASSOCIATE$77,296 Same NTEE code T20, revenue within 2x, similar name
AKHOURY FOUNDATION INCFLT20 $422,485$331,727 TRUSTEE$0 Same NTEE code T20, revenue within 2x, similar name
CARRIER FOUNDATION INCFLT20 $422,300$4,975,655 SECRETARY$0 Same NTEE code T20, revenue within 2x, similar name

Who funds organizations like this

Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).

GrantorTypeTotal givenGrantsOrganizations fundedYearsWhich ones
UNITED CHARITABLE DAF sponsor$7,284,3301 12019–2019 JACK R ANDERSON FOUNDATION INC
WILLIAM & MARY GREVE FOUNDATION INC Private foundation$1,342,6255 12018–2024 NORFOLK FOUNDATION INC
COMMUNITY FDN OF GREATER DES MOINES DAF sponsor$292,55711 12010–2021 BOCK FAMILY FOUNDATION INC
PAYPAL CHARITABLE GIVING FUND DAF sponsor$42,2494 22018–2021 NOBIS FOUNDATION INC; YASSO GAME ON FOUNDATION INC
AMERICAN ONLINE GIVING FOUNDATION INC DAF sponsor$19,4941 12024–2024 NOBIS FOUNDATION INC
DONOR ADVISED CHARITABLE GIVING DAF sponsor$15,0001 12021–2021 NORFOLK FOUNDATION INC
GREATER OLEAN COMMUNITY FOUNDATION DAF sponsor$11,0491 12021–2021 THE INTANDEM FOUNDATION INC
SARA SCHWARZAUER JESUS LOVES YOU FAMILY FOUNDATION Private foundation$10,0001 12024–2024 FAITH FOUNDATION
THE ECHELE FOUNDATION INC Private foundation$5,0001 12023–2023 CITRONE FOUNDATION INC
NORTHWEST CHARITABLE FOUNDATION Private foundation$5001 12025–2025 THE INTANDEM FOUNDATION INC
POSOLI FAMILY FOUNDATION Private foundation$5001 12018–2018 CRJ FOUNDATION INC
GORDON F LINKE AND JOCELYN B LINKE FOUNDATION INC Private foundation$2501 12014–2014 PROSPECTOR FOUNDATION INC
AMAZONSMILE FOUNDATION Private foundation$2223 12020–2023 NOBIS FOUNDATION INC
REYNOLDS AMERICAN FOUNDATION Private foundation$31 12024–2024 NOBIS FOUNDATION INC

The full list · all similar organizations

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2024 · Form 990PF · $449,520 spent · pay $0 · grants $449,520 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $449,520 100.0%
Total$449,520100%

View the filing

2023 · Form 990PF · $106,273 spent · pay $0 · grants $103,773 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $103,773 97.6%
Fees: accounting $2,500 2.4%
Total$106,273100%

View the filing